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The Motley Fool fool.com 02 Aug, 2022 13:00 am

Want to Beat the Dow Jones? Buy and Hold This Growth Stock

Want to Beat the Dow Jones? Buy and Hold This Growth Stock
This stock is beating the Dow over the past 10 years and can continue outperforming for the next decade and beyond.

Yet not every idea is met with enthusiasm.Axon recently proposed Taser-equipped drones to help prevent school shootings, an idea that was met by derision from its own artificial intelligence ethics board.Although Axon's stock is down 45% from the all-time high it hit back in February 2021, the stock is not cheap by traditional metrics.Axon has never been a cheap stock in that respect, but Wall Street still expects earnings to grow at a compounded 19% annually for the next five years.

Although Axon Enterprise is the dominant player in many of the fields it targets, it's not without competition.You might find Axon Enterprise to be just as sticky in your portfolio.

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